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Economy, Law & Politics

Markets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs

Markets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs

NEW YORK (AP) — Wall Street’s worst crisis since COVID slammed into a higher gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week.
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Canada's oil and gas industry received $29.6B in subsidies in 2024, report finds

Canada's oil and gas industry received $29.6B in subsidies in 2024, report finds

The subsidies dwarf the previous years total and come as Ottawa said it would wind down direct financial support for the industry
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'Now what?': North American stock markets sink for second day on tariff fears

'Now what?': North American stock markets sink for second day on tariff fears

TORONTO — Canadian and U.S. stock markets sank for a second straight day Friday, marking even sharper losses than Thursday as U.S. President Trump's tariffs continue to stir recession fears.
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Rob Shaw: B.C. finance minister blames the world—credit agencies blame her budget

Rob Shaw: B.C. finance minister blames the world—credit agencies blame her budget

Two credit rating downgrades in one week signal a loss of trust in the province’s financial management
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Economy posts biggest job loss since 2022 as U.S. tariffs begin to take their toll

Economy posts biggest job loss since 2022 as U.S. tariffs begin to take their toll

OTTAWA — March saw the Canadian economy post its biggest job loss since January 2022 as the uncertainty caused by U.S. tariffs started to take a toll.
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B.C. counters February losses, adding 6K jobs in March

B.C. counters February losses, adding 6K jobs in March

StatCan data reveals biggest gains were felt in province's health-care and technology sectors
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Leaders pitch savings bonds, GST-free Canadian cars to bolster tariff-struck economy

Leaders pitch savings bonds, GST-free Canadian cars to bolster tariff-struck economy

OTTAWA — The New Democrats and Conservatives both pitched ideas on the federal election trail Thursday to make Canada and its workers more resilient in the face of tariffs imposed by U.S. President Donald Trump.
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Prime Minister Mark Carney says Canada will match U.S. auto tariffs

Prime Minister Mark Carney says Canada will match U.S. auto tariffs

OTTAWA — Prime Minister Mark Carney said Thursday that Canada will hit back against U.S. President Donald Trump's 25 per cent auto tariffs with matching levies on vehicles imported from the United States.
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Vancouver mayor set to launch business task force amid tariff uncertainty

Vancouver mayor set to launch business task force amid tariff uncertainty

Task force will aim to ‘position Vancouver as the most competitive city in North America to start, grow and scale a business’
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Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

NEW YORK (AP) — Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across contin
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